New rules proposed to put an end to "too big to fail" banks
Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses.
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French state prosecutors are seeking trial for Francois Perol, chairman of France's second-biggest retail bank, BPCE, who had been under judicial investigation to determine if his nomination to head the group in 2009 represented a conflict of interest.
The U.S. Department of Agriculture on Friday approved the first genetically modified potato for commercial planting in the United States, a move likely to draw the ire of groups opposed to artificial manipulation of foods.
Takata Corp, the Japanese auto parts maker at the center of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday.
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